PNB Housing Finance share Price rose over 3% in early trading on Monday, despite benchmark indexes falling under the weight of rising crude oil prices, as investors hailed new initiatives to acquire cash. After a failed effort to raise Rs 4,000 crore by selling a share to Carlyle Group last year, the mortgage lender’s board …
PNB Housing, promoted by PNB Bank, decided to raise equity funds through placing of preferential rights issues. Rights scrips are issued to existing shareholders, allowing them a privilege to increase their ownership percentage at a discounted rate. The company board met on August 19 and gave a green signal to the proposal of raising Rs …
SEBI appealed against SAT’s (Securities Appellate Tribunal) split verdict on the Punjab National Bank Housing – Carlyle case. Further, as per its BSE filing on 2 September, PNB Housing is currently inspecting SEBI’s appeal. The company also added that the market regulator had filed an appeal with the apex court against SAT’s order. Here’s a …
The second-largest public sector lender, Punjab National Bank (PNB) has issued bonds to raise tier-2 capital from the market. It has plans to raise Rs 14000 crores from the market, of which they have issued Rs 1500 crores worth of bonds in the initial phase. By November the bank will issue another tranche of Rs …
The Multi-Commodity Exchange (MCX) of India has introduced Crude Oil Minis from March 3, 2023. These are small-size contracts with smaller minimum lot sizes (in the case of crude mini, 10 barrels/lot) to encourage smaller traders and dealers to trade in these goods or hedge against market volatilities more effectively. Crude Oil Minis were discontinued …
Everyone has a goal. We all wish to save enough to lead a comfortable life, take international vacations, retire early, and be able to enjoy the simple luxuries of life. The problem with these goals is not that one is being overly ambitious and cannot achieve them. The inherent issue is that we have not …
Indian Information Technology (IT) sector has been one of the most important drivers of GDP Growth. With the Indian IT sector has helped the services and exports growth, it has played a pivotal role in making India’s presence felt all over the globe. No wonder, Indian IT’s core competencies and strengths have attracted significant investment …
An Overview The share price of Indian Metals & Ferro Alloys was up 3% intraday on 26th November to Rs 814.10 after the firm’s board of directors approved the issuance of bonus shares. At their meeting on 26th November 2021, the board of directors of Indian Metals & Ferro Alloys approved the issue of bonus …
In our previous Blog (Blog 8 – Indian Banking Sector Update – Part 1) we had stated that the next Blog would contain what to expect from the Banking Sector in FY22 and top banks based on market capitalization. Before we get into the details we must first focus on the few other data points …
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated the dematerialisation of a new insurance policy by December 2022. The existing/old policies should also be mandatorily dematerialised by 2023. It has been stated by the IRDAI that eKYC will also become mandatory starting from Nov 1. This will additionally be helpful for dematerialising …
